Emaar’s shares, which were sold at Dhs2.90 in the heavily oversubscribed IPO, rose to Dhs3.49 on the market.
The bank will book a profit of KD25 million from the sale in its 2014 accounts, it said in a bourse filing.
The bank will sell 300 million shares to Saudi individual investors and 200 million shares to the state-run Public Pension Agency at a price of SAR45 per share.
The introduction of debt listing and trading is expected to expand the exchange’s activities and make it easier for local companies to sell debt instruments.
The bond represents the cheapest five-year funding raised by Emirates NBD in the last six years.
Bourses in Saudi Arabia, Qatar, Kuwait and Oman will close for the whole week starting October 5.
NBF Islamic will offer a series of retail banking products in the initial stage but the bank plans to diversify Islamic offerings.
Under the new deal, the repayment date of the biggest chunk of debt under Dubai World’s $25 billion restructuring would be extended.
Rashad Ali al-Musafir, the bank’s chief financial officer, would replace Kalmoor as acting CEO for an interim period, the bank said in a bourse filing.
The Dubai-based port operator has been accused of bribery by the Djibouti government.
The statement follows the Investment Corporation of Dubai’s stake purchase in Dangote Cement in September for $300 million.
In exchange for the plot of land, Barwa received QAR1.04 billion in cash, while the government also settled QAR1.5 billion of the developer’s bank loans.
Investor orders topped $1.6 billion for NBO’s issue, a source with knowledge of the deal said.
Al Nowais Investments, an Abu Dhabi-based private firm is leading a consortium to build Egypt’s first coal-fired power plant in the Suez area.
Funds dedicated to sukuk are a rare breed, with only 20 currently marketed in the Gulf.
Global’s management team comprising Group CEO Ghunaim, CEO Bader al-Sumait, and executive vice presidents had resigned prior to its general meeting in September.
The International Monetary Fund did not give details of the reforms and government officials were not available for comment.
Listed on the DFM in 2007, the Dubai-based company was formed in 1975 to support the city’s residential development.
Real GDP growth stood at 5.4 per cent in January-March, the slowest rate since the third quarter of 2012.
Amanat will use the funds raised from the offering to establish companies in the healthcare and education sectors.
The Sultanate’s second-largest lender by assets is earmarked to price its deal at 140 basis points, plus or minus 5 bps, over midswaps.
Gulf states have provided $30 billion in funding over the last decade to develop African infrastructure, a study says.
The loan will pay an interest rate of 120 basis points over the London interbank offered rate (Libor), a filing to the Qatar stock exchange said.
Bullishness towards Saudi Arabia, which peaked in the July survey due to the announcement of stock market opening to foreign investment, has been declining.
Shares in the Emaar Malls Group IPO were priced at Dhs2.90 per share, giving an overall sale value of Dhs5.8 billion.
The Gulf equities fund, domiciled in Luxembourg, has an intial $30 million in assets.
The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.
The bank has set initial price thoughts for the $77.6 million issue of five years duration at 165 basis points over New Zealand midswaps, the document showed.
HSBC Bank Oman, an affiliate of HSBC Holding, said in April it had approved the sale of its Indian business to Doha Bank.